Morgan Stanley Sees Brocade Communications Systems As On-Track to Hit Annual Guidance
February 14, 2014 at 08:53 AM EST
In a report published Friday, Morgan Stanley analyst Scott Schmitz reiterated an Equal-Weight rating on Brocade Communications Systems (NASDAQ: BRCD ). In the report, Morgan Stanley noted, “Improved execution, restructuring benefits, and a more focused go-to-market strategy offset secular pressure in the SAN business. The Ethernet business takes share in